The Remodeling Demand is Solid
While much of the country is experiencing a healthy resurgence in home building, what is also going strong is the market for additions and renovations. For many reasons, today’s homeowners are still very likely to consider remodeling their home. For those handymen and women that are up to the challenge, tackling home improvement projects on their own can be a very rewarding experience. On the other hand, for many average Americans, DIY isn’t an acronym on their resume. Whether it’s an expanding family that needs more space or a frightfully outdated avocado green kitchen that begs for a facelift, homeowners will be scouting out professionals to get the job done.
According to economists, the current demand for home-improvement is healthy. Per the latest Remodeling Index, remodeling activity nationwide has continued to grow and is projected to keep rising. Demographics tend to play a big role in future prosperity. As baby boomers retire, the likelihood of first floor bedrooms and bathrooms or wider doorways and hallways become a reality. On the other end of the spectrum, housing affordability may sway millennials’ decision to purchase older existing homes that will command renovations. And lest we forget Mother Nature. In the wake of the tragic flooding and hurricane-ravaged areas, countless homes have been compromised. It may be too early to tell what type of impact these storms will have on the marketplace, but rebuilding and renovating will not be a piece of cake.
How does your business fit into this niche? If you’ve been focusing solely on new home construction and haven’t given much thought to remodeling, perhaps now is the time to investigate. Could it be that you are in a position to aid in the recovery of storm-affected areas? Or simply think forward to January or February. For half of the country, the cold, winter months are right around the corner and new construction may wane. Several home improvement projects may be just the thing to fill in the gaps.
Ready to kick it up a notch? Why not check out the RWC Remodeler Warranty? Having a written warranty effectively reduces misunderstandings that can result from a verbal agreement and a handshake with clients. With RWC’s insurance backed protection, homeowners can be confident that you are a top-notch craftsman and that their remodeling project is a worthy investment.